Political economy, development, and business

Wellbeing inequality in retrospect

Rising trends in GDP per capita are often interpreted as reflecting rising levels of general wellbeing. But GDP per capita is at best a crude proxy for wellbeing, neglecting important qualitative dimensions. This column explores the long-term trends in global wellbeing inequality using a new dataset. Inequality indices reflecting various aspects of wellbeing are shown to have been declining since […]

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    Los peligros económicos de la victoria de Iván Duque en Colombia

Los peligros económicos de la victoria de Iván Duque en Colombia

El programa de Iván Duque podría resultar en una mayor concentración del poder tanto político como económico. Su énfasis en las industrias extractivas no responde a desafíos claves como la baja productividad, los bajos salarios y la desigualdad extrema, escribe Tobias Franz (Universidad de los Andes).

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    Is socialism to blame for Venezuela’s never-ending crisis?

Is socialism to blame for Venezuela’s never-ending crisis?

Though ’21st-century socialism’ is implicated in Venezuela’s collapse, so too are many characteristics of the country’s context, capitalism, and culture, writes Asa Cusack (LSE Latin America and Caribbean Centre). • n.b. republished courtesy of Al Jazeera; Creative Commons licence does not apply

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    Engineering growth: innovative capacity and development in the Americas

Engineering growth: innovative capacity and development in the Americas

The generation and diffusion of scientific knowledge and technology are assumed to be drivers of modern economic growth, but there is a lack of firm empirical evidence of this. In preparation for the 2nd Annual LSE-Stanford-Universidad de los Andes Conference on Long-Run Development in Latin America (16-17 May, 2018), William F. Maloney (World Bank) and Felipe Valencia Caicedo (Bonn University) discuss how they use the first detailed data […]

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    Banking on a ‘shithole’: US-led racial capitalism in Haiti began long before Trump

Banking on a ‘shithole’: US-led racial capitalism in Haiti began long before Trump

City Bank’s history in Haiti shows how racial ideology and economic policy have long coalesced to justify colonisation in Latin America and the Caribbean, writes Peter James Hudson (University of California, Los Angeles).

Strengthening rural value chains in Latin America

Global actors can interact along local value chains through international trade and foreign direct investment flows. By leveraging the value-chain approach for rural areas, recent policies have led to economic and social upgrading in Latin America, writes Ramón Padilla Pérez (UN Economic Commission for Latin America and the Caribbean).

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    Productivity provides the key to Peru’s bid for OECD membership

Productivity provides the key to Peru’s bid for OECD membership

Only by investing in innovation, reducing business informality, and producing clearer statistical data will Peru be able to boost its poor productivity and step up to OECD membership, writes Alonso Morán de Romaña (Ministry of Production, Peru).

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    Recent innovations in Costa Rican development show the value of Global Value Chain analysis

Recent innovations in Costa Rican development show the value of Global Value Chain analysis

By allowing an understanding of where, how, and by whom economic, social, and environmental value is created and distributed, Global Value Chain research can help to address key development and competitiveness issues, write Gary Gereffi and Karina Fernández-Stark (Duke University Global Value Chain Centre).

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    Latin America’s literature, history, and culture show that we must find our own managerial script

Latin America’s literature, history, and culture show that we must find our own managerial script

Any attempt to increase Latin America’s productivity should adapt managerial ideas to the Latin American character rather than the other way around, argues Alfredo Behrens (FIA Business School, São Paulo).

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    Routes to formality: transport accessibility, skills, and labour markets in Bogotá

Routes to formality: transport accessibility, skills, and labour markets in Bogotá

Workers living close to TransMilenio bus-rapid-transit stations in the Colombian capital have a lower probability of being in informal employment, but proximity impacts differently on high- and low-skilled workers, writes  Nicolás Oviedo Dávila, winner of the 2017 LSE Latin America and Caribbean Centre-Inter-American Development Bank Postgraduate Essay Prize.